Telefonica books lower than expected third quarter net profit
Published by Global Banking & Finance Review®
Posted on November 4, 2025
1 min readLast updated: January 21, 2026
Published by Global Banking & Finance Review®
Posted on November 4, 2025
1 min readLast updated: January 21, 2026
Telefonica's Q3 profit was lower than expected due to impairment charges, but the company is still on track for its full-year targets.
MADRID (Reuters) -Spain's Telefonica said on Tuesday it booked a lower than expected net profit in the third quarter as a result of one-off impairment charges on its Telefonica Tech unit, though it said it was on track to meet its full-year targets.
The company's net profit in the July-September period was 271 million euros ($316.04 million). Analysts had expected an average 418 million euros, according to a company-compiled consensus.
($1 = 0.8575 euros)
(Reporting by Jesus Calero, editing by Inti Landauro)
Net profit is the amount of money a company has left after all expenses, taxes, and costs have been deducted from total revenue. It is a key indicator of a company's profitability.
Impairment charges are accounting adjustments that reduce the book value of an asset when its market value falls below its carrying value. This reflects a loss in value and impacts net profit.
A financial target is a specific goal set by a company to achieve a certain level of financial performance, such as revenue, profit, or market share, within a defined period.
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